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Sunday 14 October 2012

UK Financial News on 2012-10-14

Virgin 'interested in RBS deal'
Virgin Money is "very interested" in Royal Bank of Scotland's bank branch sale and there has been "informal" contact, the BBC understands......

Bernanke defends stimulus plans
Federal Reserve chairman Ben Bernanke defends measures to boost the US economy against critics from emerging nations......

China sees September export surge
China's exports grow faster than expected in September, helping to ease worries about a slowdown in the economy......

O2 suffers mobile call problems
A fault affecting millions of customers on O2's mobile network has been fixed, the operator confirms......

VIDEO: Your Money: Keeping fuel bills down
In this week's Your Money, Declan Curry looks at rising electricity prices and takes a look at ethical finance......

VIDEO: RBS queries branch sale collapse
Royal Bank of Scotland chief executive Stephen Hester says he is disappointed at the collapse of the sale of more than 300 branches and other business to Santander......

VIDEO: Gaza's property boom as land prices soar
Almost four years after the conflict with Israel, Gaza is enjoying a period of relative calm......

VIDEO: Health warning over third runway
A third runway at Heathrow would be worse for public health than a completely new airport in the Thames Estuary, according to a study funded by American university MIT......

VIDEO: Gulf seeks aluminium profits
Keen to find sources of revenue away from oil, the Gulf has significantly increased the number of aluminium smelters in recent years......

VIDEO: How do you crack the Rubik's cube?
The European Rubik's Cube Championship and hundreds of competitors are taking part......

Testing the get rich quick seminars
5 live Investigates: claims made by get rich quick courses.....

Is this as good as it gets?
Is this as good as it gets for equities?.....

Obama touts benefits of auto bailout as debate looms.
Oct. 13 - Obama focuses on auto bailout in weekly address highlighting strength of industry, underscoring rival Romney's opposition to industry rescue. Deborah Lutterbeck reports......

Top mobile operator falls short on coverage
Britain's biggest mobile operator, Everything Everywhere, has come bottom of the class for current internet download speeds in Greater London.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24777ec6/mf.gif' borde.....

Stansted airport owner admits it could be run for 5m less
BAA, the owners of Stansted, have made the unusual admission that anyone else could run the airport for at least 5m a year less.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24776a3c/mf.gif' border='0'/><.....

Virgin Rail to continue running West Coast line for now
Transport Secretary Patrick McLoughlin expected to set aside legal threats and name Virgin as his preferred operator to run West Coast train services on a temporary basis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Ease off on austerity, IMF warns Chancellor George Osborne
George Osborne has been warned by the IMF that he risks further damaging the economy unless the pace of austerity slows and he faces up to the country's "growth challenge".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Secret Escapes wins 8m new funding
Secret Escapes, the discount holiday retailer, has secured 8m of new funding and laid ambitious plans to hit 1bn of revenues in the next five years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24776743/mf.gif'.....

Virgin Money leads the field to take over surplus RBS branches
Virgin Money is emerging as the front-runner to buy more than 300 branches from Royal Bank of Scotland after the collapse of a deal to sell the high street business to Santander.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

YooxArt.com: Bag a Hirst original or a Balenciaga
The gathering in Regent's Park is an eclectic affair. Artist Tracey Emin rubs shoulders with Michael Bloomberg, now mayor of New York, while just a short distance away stands the model Lily Cole.<img width='1' height='1' src='http://telegraph.feed.....

Troubles in South Africa's mining sector start to affect the economy
As the turmoil in South Africa's mining sector continues, the economic toll is becoming clearer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2477700d/mf.gif' border='0'/><br/><br/><a href="ht.....

'Exlusion-free' insurance firm in airline talks
No Exclusions, a start-up that developed a unique "exclusion-free" insurance policy for missed flights for easyJet, is in "advanced negotiations" about providing the service to more airlines.<img width='1' height='1' src='http://telegraph.feedspor.....

John Timpson: Companies cannot simply hide behind their trade association
Straight-talking, common sense from the front line of management.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2476dc5f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/14454.....

Barchester Healthcare 'dismayed' by lack of youths wanting care jobs
Barchester Healthcare, the care home group, is "frustrated and dismayed" over the lack of young people wanting to join its apprenticeship scheme, leaving hundreds of paid jobs vacant at a time of high youth unemployment.<img width='1' height='1' s.....

Manganese Bronze in funding talks with Geely
The maker of London's black cabs, Manganese Bronze, will hold talks with major investor Geely about emergency funding to help "keep the doors open" at the beleaguered company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

BAE Systems targets 30bn of export deals after collapse of EADS merger
BAE Systems is to focus on a collection of vital export deals worth more than 30bn to shore up its future after the collapse of mega-merger talks with EADS.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2476e745.....

Monetary easing policy causes rift at IMF meeting
A clash over the knock-on effects of monetary easing policies in the US, Britain and other European countries led to sharp exchanges in Tokyo among bankers and finance ministers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

Bernie Ecclestone put $100m at risk for sale of F1
Formula One boss Bernie Ecclestone revealed he put $100m (62m) of his money on the line as a guarantee when private equity firm CVC bought the high-octane motorsport series.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....

The Monday interview: Paul Lynam, Secure Trust Bank
Paul Lynam received his most important lesson in banking on his first day on the job. On a March morning in 1988, he turned up for work at NatWest and was told in no uncertain terms that if he wanted to get on at the lender he would require a full se.....

Euroland's debt strategy is an economic and moral disgrace
The International Monetary Fund has demolished the intellectual foundations of Europe's debt crisis strategy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/247668d8/mf.gif' border='0'/><br/><br/>&.....

The origins of our current woes - and the way to escape from them
Why are we here, in the worst recession for over 70 years? Unless we uncover the answer we won't be able to address the more important issue of when and how we can hope to come out of it.<img width='1' height='1' src='http://telegraph.feedsportal......

Week ahead in business and economics: Oct 15-19
UK inflation figures, eurozone leaders' summit and Bellway reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2475e75b/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/144.....

Manganese Bronze in emergency talks with Geely - report
Executives from Geely, the Chinese car manufacturer with a major stake in Maganese Bronze, are arriving in Britain on Monday for emergency talks that may lead to a bailout of troubled London black taxi maker, the Sunday Times reported.<img width='.....

Billionaire retailer Sir Philip Green backs UK factories
Sir Philip Green, billionaire owner of BHS and Topshop, wants to use more UK-based factories to supply his clothing empire.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2474e490/mf.gif' border='0'/><br/&g.....

The 10 most expensive and least expensive cities in Britain
Halifax survey shows cost and size of home are not always linked.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2474df64/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/14454.....

German finance chief Wolfgang Schaeuble says Greece won't default but warns of damage if it does
Wolfgang Schaeuble, the German Finance Minister, does not believe Greece will default and exit the euro, but warned that if did it would the damage country and the eurozone.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....

Wonga faces questions over borrowing by children
Online loans company ifacing questions about whether checks to prevent children from borrowing are adequate.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2473d9c3/mf.gif' border='0'/><br/><br/>&l.....

The Sunday Interview: Colin Kersley, chief of M&S Bank
In his first interview, the head of M&S Bank explains why the retailer's latest venture is the way forward for banking after the credit crisis .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2471b1e2/mf.gif'.....